Org.nr 983 398 138 2002 → 2003 Year-over-year analysis

AKER YACHTS AS: årsregnskap 2003 vs 2002

Shrank 93% on revenue

Summary

What changed

Comparing Årsregnskap 2003 with 2002 for AKER YACHTS AS. Revenue 807.5k NOK → 54.5k NOK (-93.3%). Equity 199.2k NOK → -78.7k NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKER YACHTS AS.

At a glance

Revenue

807.5k NOK 54.5k NOK

-93.3%

Operating result

-110.7k NOK +59.4k NOK

+153.6%

Net result

n/m -277.9k NOK

—

Equity

199.2k NOK -78.7k NOK

-139.5%

Total assets

3.69m NOK 3.51m NOK

-4.7%

↑
Operating result improved

Operating result -110.7k NOK → +59.4k NOK (op. margin -13.7% → 109.0%). Calculated
↑
Payroll decreased

Salary cost 230.9k NOK → 169.5k NOK (29% → 311% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 807.5k NOK to 54.5k NOK (-93.3% YoY). Calculated
↓
Equity eroded

Book equity 199.2k NOK → -78.7k NOK (equity ratio 5.4% → -2.2%). Calculated
↓
COGS moved

COGS / varekostnad 159.5k NOK → 248.5k NOK (+55.8% YoY). Calculated

·
Thin equity buffer

Equity ratio is -2.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation